Family business owners have been put on their heels during the recent wave of online startups and the rising tide of platform economies, but there is still a place for family tradition on Main Street. In the past few years, family business owners have needed to take holistic steps toward becoming more profitable in order to survive. The remaining businesses are competitive and more profitable because they have abandoned the cozy paradigm of the local economy and embraced the techniques that globalized corporations use on a daily basis. Small businesses that are still run by families have adopted these ideals:…
3 Ways to Make Your Family Business More Profitable
